Calls Purchased on Rubicon Technology, Inc. (RBCN)
Shares of Rubicon Technology, Inc. (NASDAQ: RBCN) are higher on the session by 6.82%, currently trading at $21.15. The stock has been moving largely lower over the past three months and is now trading under the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the November $20.00 call was purchased 1,100 times, on the offer, on open interest of only 162 contracts. This signals new positioning on the name.
Overall call volume is now running at 2.49x the daily average, 84% on the offer.
Rubicon Technology, Inc. is an electronic materials provider, which develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications. Rubicon is an integrated manufacturer of sapphire substrates and optical windows, which are used in a range of applications.
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